BRIEF-PAI Partners in talks with Lur Berri for JV in Labeyrie Fine Foods

June 16 Mon Jun 16, 2014 3:00am EDT

June 16 (Reuters) - PAI Partners:

* PAI Partners enters into exclusive talks to form a JV with Lur Berri Cooperative in Labeyrie Fine Foods

* It is expected that upon completion of transaction, PAI and Lur Berri would hold equal stakes in LFF, alongside management team

* Fiscal year ending june 2013, LFF achieved a turnover of 757 million euros